WEEKLY JOHANNESBURG STOCK EXCHANGE (JSE)
SUMMARY AND ANALYSIS - SATURDAY EDITION

MARKET SUMMARY FOR: Column will return in mid-June 2003

FTSE/JSE Africa ALSI:

RAND/US$: 

GOLD$/oz:  

MOST ACTIVE STOCKS & SECTORS

MAIN REASONS FOR ACTIVITY

• Financial services led Friday's rally, as the Rand held steady against the US Dollar.

• Bus company, Putco, gained 7.50% after reporting on Thursday full year adjusted earnings that rose 29.6% to R1.47 a share, as turnover rose 8% to R828.4 million.

• Sasol gained 0.21% as Brent crude prices closed above the US$29/barrel level on Friday.

• BHP Billiton gained after announcing that it is in talks to acquire a stake in a US$2 billion Aluminum smelter in Malaysia.

• Gold and Platinum prices rose on Friday, thus pushing related shares higher.

• Rex-Trueform Clothing closed unchanged despite reporting on Thursday full year operating income of R4.2 million, well better than the loss seen last year, as turnover rose 49% to R12.7 million.

• Empowerment company, Brimstone Investment Corp, closed unchanged on Friday despite announcing on Monday first half profit of R10.3 million, well better than the R10.7 million loss reported last year.

• MIH Holdings lost 9.09% on Friday after Naspers (Nasionale Persbk) announced on Thursday that it plans to buyout the minority shareholders in MIH Holdings, and turn MIH into one of its subsidiaries. Naspers lost 6.59% on Friday.

• Datatec closed unchanged after issuing an earnings warning about its interim results on Wednesday.

• Primedia closed unchanged on Friday after announcing on Wednesday full year pretax profits that declined 10% to R221 million, as turnover declined 3% to R1.7 billion.

• Dimension Data gained on Friday as it continues its global fund raising scheme.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

Visit our archives by clicking here.

<----PREVIOUS RELEASES----->

<---D036--->

WEEKLY JOHANNESBURG STOCK EXCHANGE (JSE)
SUMMARY AND ANALYSIS - SATURDAY EDITION

MARKET SUMMARY FOR FRIDAY SEPTEMBER 27TH. 2002

FTSE/JSE Africa ALSI: 9540.9 = +85.8

RAND/US$:  10.58

GOLD$/oz:   320.05

MOST ACTIVE STOCKS & SECTORS

The FTSE/JSE closed higher on Friday. Over the week, the FTSE/JSE Africa ALSI lost 4.6 points, Gold prices declined, but the Rand gained against the US Dollar. Gainers included: AECI Ltd, African & Overseas Enterprises Ltd, African Bank Investments Ltd. (ABIL), African Life Assurance Ltd, African Media Entertainment Ltd, African Oxygen Ltd, Amalgamated Banks of South Africa (ABSA) Ltd, Anglo American Plc, Anglo American Platinum (Angloplat) Ltd, AngloGold Ltd, Barloworld Ltd, Barplat Ltd, Basil Read Ltd, Bell Equipment Co. Ltd, Bernard Jacobs Mellet Securities Ltd, BHP Billiton Plc, Capital Alliance Holdings Ltd, Capitec Bank Holdings Ltd, Cashbuilt Ltd, Central Property Trust Ltd, Command Ltd,Decillion Securities Ltd, Dectronic Ltd, Delta Electrical Industries Ltd, Dimension Data Holdings Ltd, Durban Roodeport Deep Ltd, ERP.Com Ltd, FirstRand Ltd, Forza Group Ltd, Gencor Ltd, Gilboa Properties Ltd, Gold Fields Ltd, Goldreef Casino Ltd, Harmony Gold Mining Ltd, Idion Technology Holdings Ltd, Impala Platinum Ltd, Imperial Holdings Ltd, Inmins Ltd, Invicta Holdings Ltd, Iota Financial Services Ltd, Johnnic Communications Ltd, Kumba Resources Ltd, LA Group Ltd, Liberty Insurance Ltd, Lonmin Plc, MGX Ltd, Mvelaphanda Resources Ltd, Northam Platinum Ltd, Oceana Holdings Ltd, Omnia Holdings Ltd, Ozz Ltd, Palabora Mining Company Ltd, Paracon Holdings Ltd, Petra Granite Ltd, Pick'n'Pay Ltd, PSG Bank Holding Ltd, Putco Ltd, Randgold & Exploration Ltd, Sable Ltd, SABMiller Plc, Santam Ltd, Sappi Ltd, Sasol Ltd, Shawcell Telecommunications Ltd, Standard Bank Investment Corp. (Stanbic) Ltd, Super Group Ltd, Toongat-Hulett Ltd, Tradehold Ltd, and Western Areas Gold Mining Ltd.

MAIN REASONS FOR ACTIVITY

• Financial services led Friday's rally, as the Rand held steady against the US Dollar.

• Bus company, Putco, gained 7.50% after reporting on Thursday full year adjusted earnings that rose 29.6% to R1.47 a share, as turnover rose 8% to R828.4 million.

• Sasol gained 0.21% as Brent crude prices closed above the US$29/barrel level on Friday.

• BHP Billiton gained after announcing that it is in talks to acquire a stake in a US$2 billion Aluminum smelter in Malaysia.

• Gold and Platinum prices rose on Friday, thus pushing related shares higher.

• Rex-Trueform Clothing closed unchanged despite reporting on Thursday full year operating income of R4.2 million, well better than the loss seen last year, as turnover rose 49% to R12.7 million.

• Empowerment company, Brimstone Investment Corp, closed unchanged on Friday despite announcing on Monday first half profit of R10.3 million, well better than the R10.7 million loss reported last year.

• MIH Holdings lost 9.09% on Friday after Naspers (Nasionale Persbk) announced on Thursday that it plans to buyout the minority shareholders in MIH Holdings, and turn MIH into one of its subsidiaries. Naspers lost 6.59% on Friday.

• Datatec closed unchanged after issuing an earnings warning about its interim results on Wednesday.

• Primedia closed unchanged on Friday after announcing on Wednesday full year pretax profits that declined 10% to R221 million, as turnover declined 3% to R1.7 billion.

• Dimension Data gained on Friday as it continues its global fund raising scheme.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

Visit our archives by clicking here.

<---D035--->

MARKET SUMMARY FOR FRIDAY SEPTEMBER 20TH. 2002

FTSE/JSE Africa ALSI: 9546.5 = +95.1

RAND/US$:  10.60

GOLD$/oz:   323.40

MOST ACTIVE STOCKS & SECTORS

The FTSE/JSE closed higher on Friday. Over the week, the FTSE/JSE Africa ALSI lost 137.4 points, Gold prices gained, but the Rand declined against the US Dollar. Gainers included: AECI Ltd, African Bank Investments (ABIL) Ltd, African Oxygen Ltd, African Rainbow Mining Gold, Alexander Forbes Ltd, Anglo American Plc, Anglo American Platinum (Angloplat) Ltd, AngloGold Ltd, Anglovaal Gold Mining Ltd, Aquila Ltd, Argent Industrial Ltd, Aspen Healthcare Ltd, Astral Foods Ltd, BHP Billiton Plc, Capital Alliance Holdings Ltd, Capitec Bank Holdings Ltd, Caxton Publishing & Printing Ltd, CMH Ltd, Comair Ltd, Cullinan Holdings Ltd, Datacentrix Ltd, Datatec Ltd, Dimension Data Holdings Ltd, Discovery Holdings Ltd, Ellerine Holdings Ltd, Energy Africa Ltd, Explorer Corporation Holdings Ltd, Fairvest Property Holdings Ltd, Faritec Holdings Ltd, FirstRand Ltd, Gencor Ltd, Gilboa Properties Ltd, Glovil Ltd, Howden Africa Holdings Ltd, Impala Platinum Ltd, Iota Financial Services Ltd, Jasco Electronics Holdings Ltd, JCI Ltd, KWV Investments Ltd, Liberty Insurance Ltd, Lonmin Plc, M-Cubed Ltd, Messina Ltd, Metcash Ltd, Metorex Ltd, Nampak Ltd, Nedcor Ltd, New Africa Capital Ltd, Northam Platinum Ltd, NuClicks Ltd, Nuworld Holdings Ltd, Old Mutual Plc, Palabora Mining Company Ltd, Phumelela Gaming & Leisure Ltd, PSG Ltd, Rebservice Holdings Ltd, SABMiller Plc, Sasol Ltd, Shawcell Telecommunications Ltd, South African Chrome & Alloys (Sachrome) Ltd, South African Iron & Steel Industrial Corporation (Iscor) Ltd, South African Land & Exploration (Sallies) Ltd, Tiger Brands Ltd, Toongat-Hulett Ltd, Tradek Holdings Ltd, Truworths International Ltd, Value Group Ltd, Wesco Investments Ltd, Woolworths Ltd, and ZCI Ltd.

MAIN REASONS FOR ACTIVITY

• South Africa's Consumer Price Index (CPIX) gained 0.8% in August on a month to month basis, and 10.8% on a year to year basis. The Core CPIX gained 10% on a year to year basis - all the indices rose above estimates.

• Platinum shares rose as the white metal's prices rose to a 15 months high on tight lending conditions.

• Sasol and other energy shares gained after OPEC decided to leave its production quota unchanged, despite the continuing threat of a US-Iraqi conflict.

• M-Cell lost 1.12% after announcing that its Nigerian operation, which is growing leaps and bounds and hasn't had any problems collecting its fees, will see profitability early 2006, due to the fact that it has to build most of its infrastructures from scratch.

• Energy Africa gained 0.02% after its minority stake holders on Thursday rejected plans by majority shareholder, Petronas of Malaysia, to pay R43.75 a share, or R2 billion, for the remaining 43.3% of Energy Africa it doesn't already own. The minority shareholders feel the offer for the oil explorer wasn't just too low, but insulting.

• Gold Fields lost 0.87% after announcing on Thursday that it is acquiring a 5% stake in UK based European Diamonds. Under the deal, Gold Fields is also to invest R45 million for European Diamonds' gold exploration project in Finland.

• Digicore Holdings closed unchanged on Friday after reporting Wednesday full year  profits that declined 43% to R13.3 million, as revenue declined 37% to R193.6 million.

• Alexander Forbes gained 0.08% after announcing on Tuesday that it is selling 30% of its South African Operations to an empowerment group controlled by Cyril Ramaphosa's Millenium Consolidated Investments. Mr. Cyril Ramaphosa was also named to the Alex Forbes board effective immediately.

• Investment Solutions Holdings lost 0.17% after Alexander Forbes on Tuesday offered to acquire it for R6.10 a share.

• Dimension Data gained 6.35% on Friday, after losing most of the last 2 weeks.

• New Africa Capital gained 7.41% after announcing on Wednesday first half earnings that declined 30%. On the upside, New Africa bought back about R500 million worth of its shares in the period, and saw tremendous operations improvements in most of its sectors.

• Restaurant group, Spur Corporation, lost 2.78% despite reporting first half operating profit that rose 16% to R46 million, as turnover rose 8% to R138 million. Spur Corporation also announced plans to increase its presence in Europe through franchising.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

Visit our archives by clicking here.

<---D034--->

MARKET SUMMARY FOR FRIDAY SEPTEMBER 13TH. 2002

FTSE/JSE Africa ALSI: 9683.9 = -104.2

RAND/US$:  10.55

GOLD$/oz:   317.10

MOST ACTIVE STOCKS & SECTORS

The FTSE/JSE closed lower on Friday. Gainers included: African Life Assurance Ltd, African Rainbow Mining Gold, AngloGold Ltd, Anglovaal Gold Mining Ltd, Astral Foods Ltd, Barplat Ltd, Capital Alliance Holdings Ltd, Capitec Bank Holdings Ltd, CMH Ltd, Comair Ltd, Cullinan Holdings Ltd, Detronic Ltd, Digicore Holdings Ltd, Discovery Holdings Ltd, Ellerine Holdings Ltd, ERP.Com Holdings Ltd, Fairvest Property Holdings Ltd, Frontrange Ltd, Gilboa Properties Ltd, Gold Fields Ltd, Group Five Ltd, Growpoint Properties Ltd, Harmony Gold Mining, Illovo Sugar Ltd, Infowave Holdings Ltd, JCI Ltd, JD Group Ltd, Kairos Industrial Holdings Ltd, King Consolidated Holdings Ltd, Kumba Resources Ltd, Martprop Property Fund Ltd, Metorex Ltd, MIH Holdings Ltd, Millionair Charter Ltd, Mvelaphanda Resources Ltd, Namibian Sea Products Ltd. (Namsea), Naspers Ltd, OTR Mining Ltd, Palabora Mining Company Ltd, Paracon Holdings Ltd, Pepkor Ltd, Peregrine Holdings Ltd, Petra Granite Ltd, Prima Property Trust Ltd, PSG Investment Bank Holdings Ltd, Putco Ltd, Rainbow Chicken Ltd, Randgold & Exploration Ltd, Redefine Income Fund, Rex-Trueform Clothing Co. Ltd, Santam Ltd, Sasfin Holdings Ltd, Seardel Investments Ltd, Shops for Africa Ltd, Spescom Electronics Ltd, Tradek Holdings Ltd, and Vestacor Ltd.

MAIN REASONS FOR ACTIVITY

• The Reserve Bank of South Africa Monetary Policy Committee on Thursday raised its Repo (Interest) Rates by 100 basis points (1.0%).

• The National Association of Automobile Manufacturers (NAAM) reported that, South Africa's New Vehicle Sales declined 3.9% in July, but was up 2.5% over the year, thanks to the recent UN summit.

• South Africa's Gross Domestic Product (GDP) for Q2 grew 3.1% over the year.

• South Africa's Investec Purchasing managers Index (PMI) for July rose above the 50 points level to 54.1.

• PSG Investment Bank Holdings gained 6.78% after announcing that ABSA has completed its due diligence and ABSA is satisfied that PSG's net asset value is greater than what ABSA is offering to acquire it.

• Gold shares gained as investors sought safer havens after US President George W. Bush's Thursday UN address on Iraq heightened the expectations of war sooner than previously expected.

• Financial shares closed lower after the Reserve Bank of South Africa's rate hike - the 4th. this year.

• Kumba Resources gained 0.27% after the Competition Commission gave Anglo American Plc. the go ahead to acquire unconditional stakes in Anglovaal Mining and Stimela Mining (which owns a chunk of Kumba Resources). Anglo American, which stands to dominate the Iron Ore sub-sector with these acquisitions, closed 1.12% lower. Anglovaal Mining also closed lower.

• Energy Africa closed unchanged on Friday after a strange week. Earlier in the week, the company literally begged investors not to dump its shares. By week's end, Energy Africa's largest shareholder, Petronas International of Malaysia, announced it will not buyout smaller stake holders in the company, and it is not reducing its stake in the company either.

• Information technology company, Dimension Data, had massive losses in the week, to close at its lowest levels in 7 years.

• FirstRand lost 4.27% despite announcing that it is paying R984 million to acquire the R1.4 billion housing finance book of Saambou.

• Seardel Investments gained 8.93% after announcing full year turnover that rose 40% to R3.6 billion - Seardel's Frame Textile Group alone saw a turnover increase of 45% to R1.6 billion. Seardel's net income rose 126% to R118.2 million.

• Anglovaal Mining lost 1.26% after reporting a full year loss of R866 million, well below the R281 million profit seen last year. Anglovaal Mining attributed most of the losses to its Zambian Cobalt operations. Anglovaal Mining however, reported that revenue rose from R2.8 billion to R4.05 billion, thanks to its 5-year, R7 billion capital expenditure programme.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

Visit our archives by clicking here.

<---D033--->

MARKET SUMMARY FOR FRIDAY AUGUST 9TH. 2002

FTSE/JSE Africa ALSI: 9272.6 = +80.9

RAND/US$:  10.45

GOLD$/oz:   314.65

MOST ACTIVE STOCKS & SECTORS

The FTSE/JSE closed higher on Friday. Over the week, the Africa ALSI gained 252.80 points. The Rand declined against the US Dollar, and Gold prices closed higher for the week. The week was good after optimism from US markets that the US Federal Reserve might cut interest rates when they meet next Tuesday. Gainers included: African Bank Investments Ltd. (ABIL), African Harvest Ltd, African Media Entertainment Ltd, African Oxygen Ltd, Amalgamated Banks of South Africa (ABSA) Ltd, Anglo American Plc, Anglo American Platinum (Angloplat) Ltd, Anglovaal Mining Ltd, ApexHi Properties Ltd, Basil Read Holdings Ltd, BHP Billiton Plc, Bowler Metcalf Ltd, Comair Ltd, Dimension Data Ltd, FirstRand Ltd, Grindrod Ltd, Impala Platinum Holdings Ltd, Johnnic Holdings Ltd, Northam Platinum Ltd, M-Cell Ltd, Mvelaphanda Resources Ltd, Nedcor Ltd, OLd Mutual Plc, Petra Granite Ltd, Sage Group Ltd, Sappi Ltd, Sasol Ltd, Tongaat-Hulett Group Ltd, Truworths International Ltd, Wetherlys Investments Holdings Ltd, and Wooltru Ltd.

MAIN REASONS FOR ACTIVITY

• South Africa's Retail Sales rose 3.0% from April to May. Over the year to May 2001, retail sales rose 8.2%.

• Gold prices eased on Friday, after gaining on Thursday.

• Basil Read Holdings gained 3.45% after on Wednesday the company reported first half net profit of R10.56 million, on turnover that declined 17% to R241.25 million.

• Sasol gained after the continuing tension between the US and Iraq pushed crude oil prices higher.

• Dimension Data gained 1.27% after the company acquired Indian technology company, Nihilent Technologies, from Nedcor on Wednesday. Nedcor gained 1.45%.

• Platinum shares were some of the best performers today.

• Banking shares closed higher after an International Monetary Fund (IMF) loan of US$30 billion on Thursday lifted banking shares worldwide in the last 2 trading days of the week.

• The London Stock Exchange (LSE) closed higher on Friday due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• BHP Billiton gained 1.74% after reporting on Wednesday first half net profit of US$1.93 billion, on sales of US$17.78 billion.

• ApexHi Properties gained 0.96% after reporting on Wednesday first half net profit of R175.6 million, despite a poor property management market.

• Harmony Gold Mining lost 4.14% despite getting some positive comments from a Merrill Lynch fund manager for acquiring a 33% stake in a New Jersey USA based company that owns stake in a Russian Gold deposit. Harmony Gold paid US$18.9 million for the 33% stake.

• Shipping and logistics company, Grindrod, gained 13.21% after on Thursday reported first half headline earnings that rose 61% to R80.4 million.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

Visit our archives by clicking here.

<---D032--->

MARKET SUMMARY FOR FRIDAY AUGUST 2ND. 2002

FTSE/JSE Africa ALSI: 9019.8 = -196.5

RAND/US$:  10.23

GOLD$/oz:   307.45

MOST ACTIVE STOCKS & SECTORS

The FTSE/JSE closed lower on Friday. Over the week, the Africa ALSI lost 449.181 points, as the Rand gained against the US Dollar, and Gold prices also closed higher for the week. Gainers included: African Bank Investments Ltd. (ABIL), African Life Assurance Co. Ltd, African Oxygen Ltd, African Rainbow Minerals Gold (ARMGold) Ltd, Afrikander Lease Ltd, Alex Forbes Ltd, Amalgamated Appliance Holdings Ltd, Anglogold Ltd, Anglovaal Mining Ltd, Appleton Ltd, AST Group Ltd, Barworld Ltd, Bell Equipment Co. Ltd, Comair Ltd, Comparex Holdings Ltd, Cullinan Holdings Ltd, Decillion Ltd, Distell Group Ltd, DNA Supply Chain Investments Ltd, Dorbyl Ltd, Durban Roodepoort Deep Mines, Explorer Corp. Holdings Ltd, Fairvest Property Holdings, FirstRand Ltd, FrontRange Holdings Ltd, Genbel Ltd, Gilboa Properties Ltd, Gold Fields Ltd, Grintek Ltd, Harmony Gold Mining Ltd, HCI Ltd, Howden Africa Holdings Ltd, Impala Platinum Ltd, Infowave Holdings Ltd, Iota Financial Services Ltd, Johnnic Communications Ltd, Liberty International Holdings Ltd, M-Cell Ltd, Mustek Ltd, New Clicks Holdings Ltd, Northam Platinum Ltd, Paracon Holdings Ltd, Petra Granite Ltd, Pick'n'Pay Stores Ltd, Pinnacle Technology Holdings Ltd, Prism Holdings Ltd, Property Group Ltd, PSG Investments Bank Holdings Ltd, Randgold & Exploration Ltd, SABMiller Plc, Steinhoff International Ltd, Truworths International Ltd, Western Areas Gold Mining Ltd, Woolworths Holdings Ltd, and Yabeng Investment Holdings Ltd.

MAIN REASONS FOR ACTIVITY

• South Africa's Producer Price Index (PPI) rose a less than expected 0.3% in June, while it declined 14.4% over the year.

• South Africa's M3 Money Supply declined sharply by 18.12% in June, and 20.58% over the year.

• Property company, Liberty International gained after reporting a weaker first half earnings a share, but like-for-like sales rose 6% for the period.

• Gold shares and bullion prices closed higher on Friday as the US' weaker than expected economic data sent investors looking for safer havens.

• Gold Fields gained 3.66% after on Thursday reported fiscal Q2 net results that were strong due to a 7% increase in production.

• Anglogold gained 2.29% after announcing on Wednesday that its fiscal Q2 headline earnings declined to 79 cents a share, while operating profit rose 10% to US$162 million, and net profit rose to $79 million. Anglogold also reduced its hedge book by 2.4 million ounces to 10.5 million ounces.

• Conglomerate Tongaat-Hulett lost 0.60% despite reporting first half operating profit that rose 25% to R382 million.

• Zaptronix closed unchanged after reporting full year net losses that almost tripled to R23.1 million. On the upside, the Information technology company announced that, it is now in talks that could lead to an offer to acquire it.

• The London Stock Exchange (LSE) closed higher on Friday due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Sappi lost 3.97% on Friday after reporting on Wednesday fiscal Q2 operating profit that rose US$7 million to US$97 million over the year. The paper giant saw basic earnings of 29 cents a share, which was well better than the 27 cents a share loss seen last year.

• Sasol closed lower despite the fact that Crude Oil prices rose after the UN reacted coolly to Iraq's request that weapons inspectors can resume their work, so as to avoid a pending US military strike.

• SABMiller gained 1.32% after announcing Thursday that its fiscal Q1 earnings were unchanged, and the unusually cool spring weather in the US will force its Miller unit to see a 2% decline in sales.

• Bridgestone Firestone Maxiprest lost 3.0% after reporting first half earnings that rose 8% to R29.7 million, as revenue rose 16.1% to R669 million. On the downside, tax charges rose to 30.9%, as dividends held steady.

• HCI, the parent of e-TV, gained 5.13% on Friday after announcing Wednesday yearly headline losses of R0.38¢ a share, 31% less losses than a year before. Other investments and the sell of non-core assets saw an income of R34.4 million. HCI's loss was primarily due to some goodwill write downs relating to e-TV.

• New Clicks Holdings gained 0.74% after announcing on Tuesday plans to start expanding domestically, regionally, and globally - Australia tops the list.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

Visit our archives by clicking here.

<---D031--->

MARKET SUMMARY FOR FRIDAY JULY 26TH. 2002

FTSE/JSE Africa ALSI: 9468.9 = -149.6

RAND/US$:  10.28

GOLD$/oz:   304.45

MOST ACTIVE STOCKS & SECTORS

The FTSE/JSE closed lower on Friday. Over the week, the Africa ALSI lost 750.81 points, the Rand declined against the US Dollar, and Gold prices also closed lower for the week. Gainers included: Advtech Educational Holdings Ltd, AECI Ltd, Alex Forbes Ltd, AMB Holdings Ltd, Apexhi Properties Ltd, Aspen Healthcare Ltd, Aquila Growth Ltd, Barworld Ltd, Bell Equipment Co. Ltd, Bidvest Group Ltd, Cadiz Holdings Ltd, Capitec Bank Holdings Ltd, Casey Investments Ltd, Cashbuild Ltd, Chemical Services Ltd, Clientel Life Assurance Ltd, Comair Ltd, Command Holdings Ltd, Coronation Holdings Ltd, CorpCapital Ltd, Cullinan Holdings Ltd, Dectronic Ltd, Dorbyl Ltd, EOH Ltd, Energy Africa Ltd, Fairvest Property Holdings, FirstRand Ltd, Genbel Ltd, Gilboa Properties Ltd, Group Five Ltd, Hudaco Industries Ltd, Imperial Holdings Ltd, Investec Plc, JD Group Ltd, JCI Ltd, Johnnic Communications Ltd, Kelgran Ltd, M-Cell Ltd, M-Cubed Holdings Ltd, Mathomo Group Ltd, McCarthy Ltd, Mercantile Lisbon Bank Holdings, Mustek Ltd, Nampak Ltd, Nedcor Ltd, Nedcor Investment Bank Holdings Ltd (NIBH), Oceana Group Ltd, Old Mutual Plc, Omnia Holdings Ltd, Palabora Mining Ltd, Paracon Holdings Ltd, Phumelela Gaming & Leisure Ltd, Pick'n'Pay Stores Ltd, Primedia Ltd, Relyant Retail Ltd, Remgro Ltd, Reunert Ltd, Richemont, RMB Holdings Ltd, SABMiller Plc, Sage Group Ltd, Sasfin Holdings Ltd, Seardel Investments Co. Ltd, Shaw Cellular Ltd, Shoprite Holdings Ltd, Softline Ltd, Standard Bank Investments Co. (Stanbic), Truworths International Ltd, Vesta Technology Holdings Ltd, and Vestacor Ltd.

MAIN REASONS FOR ACTIVITY

• Mining shares closed lower on reports that the South African Minerals and Energy Ministry is considering a proposal that will give control of new mines to black investors within the decade. Gold prices also closed lower on Friday.

• Platinum shares closed lower despite a rise in Platinum prices on Friday.

• Nedcor gained 1.79% after announcing a new board for its recently acquired BoE. The new board will be in place until Nedcor completes the absorption of the company.

• The Rand closed lower against the major currencies, especially the US Dollar, as US shares closed higher on Friday, reversing some of the major losses seen at the beginning of the week.

• Wireless operators closed higher after a new study identified Africa as having the fastest growth in telecommunications services, especially wireless phone services.

• The London Stock Exchange (LSE) closed higher on Friday due to.............Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Old Mutual gained 1.98% after announcing that its US assets under management not only grew in the first half of the year, but losses were only about 3.2%, which is well better than US market losses seen this week alone!

• CorpCapital gained 0.70% after director, Neil Lazarus announced that the company is still interested in the troubled Central News Agency (CNA). CNA went into judicial management on Wednesday in hopes of protecting its assets until it finds a buyer.

• Life Assurance shares gained, and so did property management shares.

• Sasol gained after Brent Crude oil prices gained.

• ANOTHER ADDITION: We now have services for Australia, Canada, South Africa, UK & Ireland, and United States. We will continue our qualitative, informative, and useful content policies at all our portals. Thank you for your support.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

Visit our archives by clicking here.

Visit our archives by clicking here.